Brookfield Infrastructure Partners L.P. (NYSE:BIP) Sees Large Decrease in Short Interest

Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Free Report) (TSE:BIP.UN) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,960,000 shares, a decrease of 21.3% from the January 15th total of 2,490,000 shares. Based on an average daily trading volume, of 538,300 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BIP. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 30th. Scotiabank decreased their price target on Brookfield Infrastructure Partners from $44.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. BMO Capital Markets increased their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. TD Securities decreased their target price on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Royal Bank of Canada decreased their target price on Brookfield Infrastructure Partners from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $39.11.

View Our Latest Stock Analysis on Brookfield Infrastructure Partners

Brookfield Infrastructure Partners Trading Up 1.4 %

Shares of Brookfield Infrastructure Partners stock opened at $31.60 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.66 and a current ratio of 0.54. Brookfield Infrastructure Partners has a 52 week low of $21.03 and a 52 week high of $37.32. The stock has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $29.58. The stock has a market capitalization of $14.49 billion, a PE ratio of 225.69 and a beta of 0.98.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 29th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 1,092.94%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently added to or reduced their stakes in BIP. Fairfield Bush & CO. acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $81,000. JPMorgan Chase & Co. grew its stake in Brookfield Infrastructure Partners by 58.6% in the first quarter. JPMorgan Chase & Co. now owns 6,090 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 2,250 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Brookfield Infrastructure Partners by 9.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,645 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 1,230 shares during the period. Blair William & Co. IL grew its stake in Brookfield Infrastructure Partners by 8.3% in the first quarter. Blair William & Co. IL now owns 29,899 shares of the utilities provider’s stock valued at $1,980,000 after acquiring an additional 2,287 shares during the period. Finally, Equitable Holdings Inc. bought a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

(Get Free Report)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.

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